Grayscale Research Director: Bitcoin Price Outlook Remains "Structurally Bullish"

2025-01-11 09:33:00

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ChainCatcher news, according to Cointelegraph, Grayscale's research director Zach Pandl stated that despite facing temporary resistance from macroeconomic data, the price outlook for BTC remains "structurally bullish." "Bitcoin seems to be suppressed by the strengthening dollar, which is rising due to the Federal Reserve adopting a more hawkish policy and tariff threats." He added, "Today's strong employment report reduces the likelihood of a rate cut by the Federal Reserve, further supporting the dollar and potentially putting temporary pressure on Bitcoin prices."

Additionally, he stated, "However, with the upcoming inauguration of the U.S. president, this setback may be short-lived." He further mentioned that he still believes "the outlook for cryptocurrency valuations is structurally bullish."

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